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Proposed $1.4 Billion Acquisition to Allow Cisco to Complete its IoT Stack, Open Up Addressable Market
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Cisco has moved to snap up privately held Jasper Technologies with a proposed acquisition of $1.4 billion, which is believed to be as much as 20 times the company's annual revenue in 2015. Describing the move as a huge step forward for Cisco, Rowan Trollope, Senior Vice President Internet of Things (IoT), said the company would now be able to offer a more complete solution.
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